Worst fall in 40yrs,screamed media after 23.9% GDP fall;What no one told you is👇
Repo,lowest in 58yrs
Trade Surplus,1st time in 18yrs
Coal privatised,1st in 47yrs
#BanksConsolidated,1st in 51yrs
My #Oped,on how @narendramodi is going for the jugular👇
organiser.org/Encyc/2020/9/3…
Repo,lowest in 58yrs
Trade Surplus,1st time in 18yrs
Coal privatised,1st in 47yrs
#BanksConsolidated,1st in 51yrs
My #Oped,on how @narendramodi is going for the jugular👇
organiser.org/Encyc/2020/9/3…
This is a lengthy piece of almost 5000 words,where i demystify #Annualised Vs #Sequential GDP numbers&truth is this---in 1HCY20, India is much better off than most global peers
China is running out of food,US has highest joblessness since 1982 &Australia,worst recession in 30yrs
China is running out of food,US has highest joblessness since 1982 &Australia,worst recession in 30yrs
I also explain why @narendramodi gov switched from GDP@Factor Cost,to GDP@ Market Prices--It was done to effectively capture impact of indirect taxes&subsidies
GDP(MP)=GDP(FC)+Indirect Taxes-Subsidies
Under revised method,it was found, high growth under @INCIndia was a big hoax
GDP(MP)=GDP(FC)+Indirect Taxes-Subsidies
Under revised method,it was found, high growth under @INCIndia was a big hoax
Why was GDP #BaseYear changed, asks an ignoramus @RahulGandhi time&again--Well,it was changed by @narendramodi govt from 2004-05,to 2011-12,in line with global best practices..In fact, countries like US change base year,every single year&follow what is called,a rolling base year!
